How do I deduct the cost of a vehicle purchased for business? Using the Actual Expenses doesn't work - it won't calculate the cost of the vehicle in the deduction.
01131
1 Replies
Critter
Level 15
Jun 4, 2019 7:44:35 PM
Deduction of the vehicle is not allowed in full in one tax year ... the asset must be entered and handled thru the Actual Expenses Section so follow the interview screens carefully and read the "learn more" helps as needed.